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Canadians wealthier than Americans: Why?

Well, if you have a younger sibling, it can feel awkward when they suddenly start outperforming you. That's exactly what's happening now with the US, as Canada has overtaken it in terms of wealth and personal prosperity.


Added: Jul-21-2012 
By: Gmike
In:
World News
Tags: canada, rich, richer, wealth, money, loonie, us, usa, america
Views: 1581 | Comments: 107 | Votes: 1 | Favorites: 1 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • Well, somebody has got to be in the lead, it doesn't necessarily always have to be the US. Good for the neighbors to the north.

    Posted Jul-21-2012 By 

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  • Comment of user 'MrPadaso' has been deleted by author (after account deletion)!
  • Canada has a Conservative Federal government that has done a better job of guiding the country through these tough financial times, than the Liberal Democrat leadership of the US. In short we have not had Obama.

    Posted Jul-21-2012 By 

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    • @mackme ....Harper has not been a good steward of our economy - he just happen to inherit a surplus from a really good steward: Paul Martin.

      That fact that Harper is wasting it on jailing more and buying useless military aircraft pisses me off royally.

      Posted Jul-21-2012 By 

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    • @mackme You can thank Canada's wealth and security today because of Jean Chretien and Paul Martin. The Conservative government in Canada took a record surplus and turned it into a record deficit. This is FACT. The conservatives are really good at taking credit for shit they have never accomplished.

      Posted Jul-24-2012 By 

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  • oil sands

    Posted Jul-21-2012 By 

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  • Comment of user 'CatJuggler' has been deleted by author (after account deletion)!
  • Maybe it's the socialized medicine and better governmental oversight.

    Posted Jul-21-2012 By 

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  • stop giving obama voters free shit and make them work!.. then maybe our taxes won't be so high and well be back on top again

    Posted Jul-21-2012 By 

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  • yup

    Posted Jul-21-2012 By 

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  • Canada has suffered along with America. Our manufacturing was sold to China in the same way. Our baby boomers are taking what they can and running in the same way. The only significant difference: we have some new oil!

    Our income levels have always been close to those in USA but with oil, our average income wiggled up a bit. Russian TV jumps all over it because Russian TV is run by shallow, envious losers.

    Posted Jul-21-2012 By 

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  • So it's CANADA that are filled with ALL the 1%ers!!!

    Ahhh, what? I thought Canada was filled with poor liberal white folks!!!

    Go Kings!!!

    Posted Jul-21-2012 By 

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  • It's true, you look across the street from Detroit River, Windsor looks friggin beautiful, warm and welcoming. You go to windsor or sarnia and look at detroit or port huron, they look like friggin deteriorated shells of a once booming industries. Go on the Ambassador or Blue water bridge, windsor and sarnia are nice, clean and tidy, do the same thing toward detroit or port huron, it looks like a war zone, specially detroit, boarded up and vacant, deteriorating buildings, burned house, broken hou More..

    Posted Jul-22-2012 By 

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  • Yanks need to occupied less countries, make better political relationships with other countries than Israel and destroy this very, very stupid 2-party-system.

    Posted Jul-22-2012 By 

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  • Our interventionalist foreign policy certanly doesn't help, but the main reason why Canada is outperforming is due to the exploitation of its natureal resources. Interesting how that was conviently left out of this liberal propaganda piece.

    Posted Jul-21-2012 By 

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    • @WolfBite120 we still dont know why you guys blocked the oil pipeline, now we are selling it to china because our news reported the u.s. govermment went "ya ya well buy your oil now fuck off attitude" so our gov said you treat us like shit we just sell to the east.

      Posted Jul-21-2012 By 

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    • Comment of user 'CatJuggler' has been deleted by author (after account deletion)!
  • My first guess would be healthcare costs. If you are not over burdened with debt as the result of sickness, raising a child, injury or old age, you tend to have more money to pump into the economy at YOUR discretion.

    That spreads prosperity throughout the society and not just to the medical field.

    Posted Jul-21-2012 By 

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  • their was a time where our dollar was worth 55 cents to the american dollar, with reform we now are on par and sometimes our buck is 110 so you get only 90 cents if you come here.

    plus we dont pay 200k for healthcare and its free..well paid by our taxes but still. and like the poster said, the gov owns our mint and key systems, out of the hands of manipulation.

    Posted Jul-21-2012 By 

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    • @nowhereman1 Canada is still pretty dependent on natural resource prices. Things are good now, but the fluctuation is a risk. I'm probably older than you, but in the late 1960's/early 1970's, Canada had a higher standard of living than anywhere. The politicians answer to that good news was to bankrupt the country, which they did in about 7 or 8 years. Fools. I live in the US now. I'm glad real conservative politicians emerged in Canada. I think that's a reason for this financial good news More..

      Posted Jul-21-2012 By 

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    • @kachin umm i will agree on the first part but harper has cancelled alot of programs for new military stuff wasting money. then again i dont see any party that has good ideas.

      as for resources, i will agree with that, since im in a mining town that supplies most of the worlds nickal other then russia, we even have a big nickal ;p

      we supply most of the worlds medical radioactive isotopes used in hospitals, and of course oil,lumber.

      the only other thing we advance at are medical, we invented in More..

      Posted Jul-21-2012 By 

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  • This 'study' by TIME gossip mag, neglected to tell you that the 'study' failed to take into account Americans 401k and retirement pensions.

    LOL!


    Same old tired propaganda from the left, sorry canada, love you though...stop killing baby seals though, seriously.

    Posted Jul-21-2012 By 

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    • @thinkslaughter I personally think its illegal american imagrints from Alaska posing as canadians then go off beating seals. It always starts off by coming in to take advantage of our superior healthcare system duh.

      This study also fails to mention Americas collapse ALONE had an awful impact on the entire worlds economy.
      The world was pulled down with yous
      and the world don't even like yous despite how yous
      keep reminding us how we are nothing without yous.

      Once upon a time.
      AMERICA
      They li More..

      Posted Jul-21-2012 By 

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    • @thinkslaughter Pointless. No one uses their 401k until retirement anyways. Plus Canadians have retirement savings too TFSA, RRSPs, and a bunch of other stuff i can't even remember.

      Posted Jul-21-2012 By 

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  • RTN - What nonsense. How is Russia doing?

    Posted Jul-21-2012 By 

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  • The jig is up for Canadian real estate, especially in Vancouver or Toronto. We're about to see a US style price correction.

    Posted Jul-21-2012 By 

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    • @truth2012 Very much doubt it. Everyone here has put at least 10% downpayment of their homes. Even if no homes sold prices won't fall anywhere to where US prices have because people would still live in the homes and not abandon them on mass.

      Posted Jul-21-2012 By 

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    • @Gmike between 2000 and 2006 on average US homes doubled in value. Since then they've lost 32% of there value. I can easily see that happening in places like Vancouver or TO where the average cost of carrying a home takes three quarters of the average families after tax income. Overvaluation, new mortgage rules, and impending interest rate hikes - Vancouver and Toronto will be ground zero for the Canadian real estate crash this fall.

      Posted Jul-22-2012 By 

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  • One Major Difference:

    Canadas Population 34,482,779

    Americas Population 311,591,917

    Many more freeloaders here.

    Posted Jul-21-2012 By 

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    • @skatman21 - With respect, that also means much less taxpayers supporting a much vaster social infrastructure, and they're still better off! Also, their costs for heating are higher, and their still better off!

      Posted Jul-21-2012 By 

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  • Canada still has wealth because the government of Canada owns it's own money supply. The Canadians own the mint. In the United States, private banks own the money supply (US Federal reserve) and the banks are owned by Zionists.


    “Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of the sovereignty of Parliament and of democracy is idle and futile. Once a nation parts with control of its cu More..

    Posted Jul-21-2012 By 

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    • @KutKorners

      "the Jewish Law of the Stranger" was defined thus: "unto a stranger thou
      mayest lend upon usury; but unto thy brother thou shalt not lend upon usury."

      Posted Jul-21-2012 By 

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    • @KutKorners we also didnt have the bank or houseing crash and our interest rates are fine. we said yes to afgan but no to iraq, thats why canada doing well.

      Posted Jul-21-2012 By 

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    • @nowhereman1

      Hello!!!! McFly!!!!!!! :The same people who own the US Federal Reserve are the same people who own the Wall Street banks which reveiced the ball out.

      First they tax us when they illegally supply our nation with money and we pay for that, then they tax us when we have to use that money to bail out their banks.

      Another thing, inflation is not okay.
      Here is a great link to study what inflation has been like since 1913. Why 1913? Thats when the US government gave control of the US More..

      Posted Jul-21-2012 By 

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    • @KutKorners Has nothing to do with it. Canada gives more handouts and taxes more.

      Posted Jul-21-2012 By 

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    • @Gmike Ill take the words of accomplished men before Id listen to you.

      Morons thinking they are smarter than the men who make history, it's a problem.

      Posted Jul-22-2012 By 

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  • Gentlemen, start your vitiols . . .

    Posted Jul-21-2012 By 

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  • With Obamacare the US will soon catch up

    Posted Jul-21-2012 By 

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    • @allyssa not for 200 years with the debt the country has sadly.

      Posted Jul-21-2012 By 

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    • Comment of user 'CatJuggler' has been deleted by author (after account deletion)!
    • @allyssa

      I hope so but majority of U.S people dont eat well, i think gov. should make marketting program to tell people to eat less fat, less salt and all other processed food.

      Posted Jul-21-2012 By 

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  • Libs vs. Cons Round 58.93481 trillion

    F I G H T !

    Posted Jul-21-2012 By 

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  • Yeah boi Maybe stop starting wars is a good start America.

    Posted Jul-21-2012 By 

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  • at least i am better of than a ruzzian

    Posted Jul-21-2012 By 

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